EBA Launches Consultations On Supervisory Reporting For The Reporting Framework 2.9 And Prepares For Its Modular Release

The European Banking Authority (EBA) launched today three public consultations on amendments to the Implementing Technical Standards (ITS) on supervisory reporting for the reporting framework 2.9. The proposed changes to the ITS on supervisory reporting, which are part of the EBA reporting framework 2.9, aim to keep reporting requirements in line with changes in the regulatory framework and with the evolving needs for Supervisory Authorities' risk assessments. The EBA will move to a new modular release for the next reporting framework 2.9 and is, therefore, also publishing its forward schedule of the modular release to help users in their planning.

In particular, the three consultation papers cover the following areas:

COREP: major revision of securitisation templates (simple, transparent and standardised (STS) regulation);
FINREP: amendment of non-performing and forborne exposures reporting, P&L and IFRS16;
COREP-LCR: review based on the coming new LCR delegated act.

In September, the EBA will publish draft Data Point Models (DPM) on the proposed changes to COREP, FINREP and LCR reporting.

Consultation process

Responses to the consultations can be sent to the EBA by clicking on the following links:

Click here to respond to the consultation on COREP – securitisations;
Click here to respond to the consultation on FINREP - NPE&FBE, P&L and IFRS 16;
Click here to respond to the consultation on LCR reporting;

All contributions received will be published after the consultation closes, unless requested otherwise. The deadline for the submission of comments is 27 November 2018 for the first two and 27 October 2018 for LCR reporting.

A public hearing on the three consultation will take place at the EBA premises according to the following schedule:

On 3 October, from 10:00 to 11:30 UK time for FINREP - NPE&FBE, P&L and IFRS 16;
On 3 October, from 11:30 to 13:00 UK time for COREP – securitisations;
On 10 October, from 11:00 to 12:30 UK time for LCR reporting.

Preparation for the modular release of reporting framework 2.9

The EBA has started preparations for the next reporting framework release (version 2.9). As the amendments to the reporting framework will apply from different reference dates due to different application dates in the underlying regulatory requirements, the modular components of each reporting release are also published and applied at different points in time to mirror those reference dates. This will have an impact on the release plan of the technical package, which needs to take into account different application dates.